The wife and I are going to look at some cars tomorrow. We both have credit, but a decent bit of debt. We both have had car loans, but each had a co-signer as they were our first cars and we were young and had no credit then.
We have some credit card debt (combined about $8.000ish) never had late payments, own our home (8 months now) but our credit scores are in the low 600s. Our combined income is about $45,000 per year.
My question is, do you think the dealer will get us financing? We are not looking to buy a nice new car, but a used one for about $10,000 or so.
I just don't want to get there and they tell us they can't do anything. I know I should have arranged financing beforehand like on our previous cars, but I need a new vehicle now.
Any one think the dealer could get us the loan? I know the interest won't be great.
Thanks.
We have some credit card debt (combined about $8.000ish) never had late payments, own our home (8 months now) but our credit scores are in the low 600s. Our combined income is about $45,000 per year.
My question is, do you think the dealer will get us financing? We are not looking to buy a nice new car, but a used one for about $10,000 or so.
I just don't want to get there and they tell us they can't do anything. I know I should have arranged financing beforehand like on our previous cars, but I need a new vehicle now.
Any one think the dealer could get us the loan? I know the interest won't be great.
Thanks.